Best Shipping Stocks Worth Watching - April 21st

Key Points

• MarketBeat's screener highlights seven shipping stocks to watch today: Viking (VIK), Frontline (FRO), Pitney Bowes (PBI), Almonty Industries (ALM), Scorpio Tankers (STNG), Golar LNG (GLNG), and ZIM (ZIM), which had the highest dollar trading volume among shipping names in recent days.
• The shipping sector is highly cyclical and sensitive to global trade volumes, freight/charter rates, fuel costs, fleet supply and geopolitical or regulatory events, making these stocks typically more volatile than other sectors.
• Notable company highlights include Viking (passenger cruises with about 92 ships), Scorpio Tankers (roughly 110 tankers), and Golar LNG (FLNG and LNG shipping infrastructure), reflecting exposure across cruises, tankers and LNG markets.

Viking, Frontline, Pitney Bowes, Almonty Industries, Scorpio Tankers, Golar LNG, and ZIM Integrated Shipping Services are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of companies involved in maritime transport and related services — including container lines, bulk carriers, tankers, shipowners and occasionally ports or shipbuilders — whose revenues come from moving cargo or providing shipping-related services. Their performance is highly cyclical and sensitive to global trade volumes, freight/charter rates (e.g., the Baltic Dry Index), fuel costs, fleet supply and regulatory or geopolitical events, making them often more volatile than many other sectors. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Viking (VIK)

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.

Read Our Latest Research Report on VIK

Frontline (FRO)

Read Our Latest Research Report on FRO

Pitney Bowes (PBI)

Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.

Read Our Latest Research Report on PBI

Almonty Industries (ALM)

Almonty Industries Inc. is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc. is based in TORONTO.

Read Our Latest Research Report on ALM

Scorpio Tankers (STNG)

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.

Read Our Latest Research Report on STNG

Golar LNG (GLNG)

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.

Read Our Latest Research Report on GLNG

ZIM Integrated Shipping Services (ZIM)

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.

Read Our Latest Research Report on ZIM

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